LOCATION: 43 kilometres south east of the mining centre of Cosala, Sinaloa
HISTORY: Los Reyes has an extensive mining history that stretches back into the 1700s.
SIZE: Contiguous claims totaling over 13,800 hectares
RESOURCE UPSIDE: Current resource open on strike and at depth – 8 to 10 new high-grade underexplored surface discoveries for drill testing – Currently completing phase 1 of a 15,000 metre drill program, initial results have discovered bonanza grade gold and silver mineralization
ACQUISITION: Completed the acquisition of the project from Vista Gold including buy-back of two separate 2% NSRs and the 49% back-in right on underground mining.
INFRASTRUCTURE: Direct access to roads, power, abundant water, and local labor force
LICENSING & PERMITTING: Successfully completed 30-year surface access rights agreement to ensure continued exploration, development and receipt of a mining and construction permit. Permit application submitted for new exploration drilling
IN PROXIMITY: Americas Gold and Silver (TSX: USA; NYSE: USAS) / Minera Alamos (TSXV: MAI) / First Majestic (NYSE: AG; TSX: FR) / McEwen Mining (TSE and NYSE: MUX) / Chesapeake (TSX: CKG)
“Los Reyes is an exceptional opportunity for exploration and development. The Company will continue to drill in order to expand existing resources as well as identify promising new targets.” —Company CEO, Dan Kunz